Quantitative Investment Management LLC purchased a new stake in Worldpay Inc (NYSE:WP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 131,800 shares of the business services provider’s stock, valued at approximately $9,693,000. Quantitative Investment Management LLC owned 0.07% of Worldpay at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Navellier & Associates Inc purchased a new stake in shares of Worldpay during the 4th quarter worth about $3,503,000. Twin Tree Management LP purchased a new stake in shares of Worldpay during the 4th quarter worth about $651,000. Eagle Asset Management Inc. purchased a new stake in shares of Worldpay during the 4th quarter worth about $38,764,000. Finally, Boston Family Office LLC purchased a new stake in shares of Worldpay during the 4th quarter worth about $484,000.
Shares of WP traded down $1.49 during trading on Monday, reaching $80.75. The company’s stock had a trading volume of 1,543,837 shares, compared to its average volume of 4,500,749. Worldpay Inc has a twelve month low of $59.10 and a twelve month high of $85.53. The firm has a market cap of $14,626.14, a price-to-earnings ratio of 26.06, a PEG ratio of 1.50 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 9.31.
Worldpay (NYSE:WP) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The business had revenue of $569.00 million during the quarter, compared to analyst estimates of $563.04 million. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. equities analysts expect that Worldpay Inc will post 3.59 earnings per share for the current fiscal year.
WP has been the subject of a number of research reports. Robert W. Baird reiterated a “buy” rating and set a $90.00 target price on shares of Worldpay in a report on Tuesday, January 23rd. Zacks Investment Research cut Worldpay from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. KeyCorp boosted their target price on Worldpay from $90.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Stephens initiated coverage on Worldpay in a report on Thursday, January 11th. They set an “overweight” rating and a $89.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $79.00 target price on shares of Worldpay in a report on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $84.06.
In related news, COO Mark L. Heimbouch sold 47,853 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $82.66, for a total transaction of $3,955,528.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Royal Cole sold 44,283 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $83.17, for a total value of $3,683,017.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,571 shares of company stock worth $9,263,023. 1.27% of the stock is currently owned by corporate insiders.
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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